“IRL Polska”, the subsidiary of “INTER RAO Lietuva”, has been granted the license for electricity trading in Poland

As the company reports, AB “INTER RAO Lietuva” subsidiary “IRL Polska Sp. z o.o.” has been granted the license for electricity trading in Poland.

Last week the Energy Regulatory Authority (Urząd Regulacji Energetyki) of the Republic of Poland has granted the company “IRL Polska Sp. z o.o.” the license for electricity trading which will take effect on 9 January 2014.

“The acquisition of the license for electricity trading is a consistent step in the company’s development the preparation for which has taken over a year. By acquiring the license we can start planning further steps which will enable the company to achieve its strategic aims,” says Anna Radziwonko, Head of Trading Department of “IRL Polska”.

“IRL Polska” is going to trade in electricity being purchased from Poland as well as to position itself in the market for future trading transactions. In addition, upon the launch of the new connections Litpol 1 and 2, “IRL Polska” is planning to provide electricity import and export services during the average and long periods. In a long run, the company is going to expand the range of services and start supplying electricity to the retail consumers.

“IRL Polska Sp. z o.o.” is a subsidiary of “INTER RAO Lietuva” in Poland. The company was established in October 2012 in purpose to implement the company group’s aim to expand its activities in the region. In November 2013 the authorized capital of “IRL Polska Sp. z o.o.” increased from PLN 2 to 10 million.